Lydsec Digital Technology successfully hosted the 2024 Keypasco Summit, launching six major identity governance and authentication solutions, targeting enterprise cloud services, mobile finance, and digital government application fields.
The leading network identity authentication provider, Lydsec Digital Technology, held its first Keypasco Summit on September 27. This year’s summit attracted customers and partners from Taiwan, India, Jordan, Thailand, Saudi Arabia, Brazil, Singapore, and other countries. Over 150 top executives from the finance, technology, and communications sectors participated in the event to discuss the future development of digital identity authentication and zero-trust network access in the cybersecurity field.
Lydsec Digital Technology (hereinafter referred to as Lydsec) was established in 2012, with its headquarters in Taiwan. The R&D team is based in Taiwan and Sweden, and the company has operational subsidiaries in the Netherlands, Japan, and the United States, with channel partners in 20 countries worldwide. Over the years, the company has focused on providing customers with diversified software and hardware network identity authentication services using its proprietary technology. These services include Zero Trust Network Access (ZTNA), Multi-Factor Authentication (MFA), FIDO authentication, and various other network identity authentication services. The Keypasco series of identity authentication solutions are characterized by user privacy protection, ease of use, high security, and high integration, meeting the security needs of various application scenarios.
The Keypasco series solutions have obtained six international invention patents in 16 countries, with over ten million monthly active users worldwide. These users span industries such as finance, government, real estate, online gaming, healthcare, smart buildings, e-commerce, high-tech manufacturing, and general enterprises. Lydsec initially entered the market by targeting the financial industry, which has the highest security requirements. Currently, over 40% of financial institutions in Taiwan are Keypasco service customers. In 2015, Hua Nan Bank was the first to adopt Lydsec’s “Interactive mobile authentication mechanism” becoming an innovative security layer for Bank 3.0. The system was successfully launched within three months, setting a successful example for Bank 3.0. Lydsec Digital Technology plans to list on the Emerging Stock Market in the first quarter of next year, moving towards the capital market.
In addition to distinguished guests from the Middle East, Latin America, and the Asia-Pacific region, the 2024 Keypasco Summit also invited notable speakers such as Chou Chih Ho, the Director from Department of Information Management, Ministry of Digital Affairs, Professor Tsung-Cheng Wu, Distinguished, Department of Information Management, National Taiwan University of Science and Technology, Nai-Wei Lo. Professor, Department of Information Management, National Taiwan University of Science and Technology, Chang Yung Chi, Assistant Vice President & Divison Chief from Agile Center of Excellence Division, Fintech & Operation Management Group
Fintech & Data Department, Hua Nan Commercial Bank Ltd., Che-Yin Lin, Managing Director from Greater China Cloud Business@NTT DATA, Franklin Tang, CEO from HABITAP PTE. LTD., Singapore, Wei-Ming Ting, President from Digicentre Co., Ltd., and Ms. Huang Yaji, founder of Each Modern Gallery. They engaged in in-depth discussions with Lydsec on digital transformation, identity governance, and cybersecurity challenges across various industries.
Since John Kindervag proposed the zero-trust concept in 2010, “Never Trust, Always Verify” has become the global cybersecurity mainstream. National institute of cyber security under Ministry of Digital Affairs in Taiwan has required government agencies to gradually implement the three core components of the zero-trust architecture—identity authentication, device authentication, and trust inference—since 2022. The institute actively promotes vendors to comply with these core components to ensure the implementation of cybersecurity policies, allowing Taiwan to align with international standards and maintain a leading position in the cybersecurity field. Lydsec is one of the few vendors in Taiwan certified by the institute to participate in government digital transformation projects. The Keypasco authentication solution is one of only two products in Taiwan that have passed the first phase of identity authentication and the second phase of device authentication of the zero-trust certification by the institute. Lydsec will soon launch the AI Risk Management and Assessment solution (Contextual AI Risk Assessment) to facilitate seamless integration, maintenance, and management for customers deploying zero-trust solutions.
This year’s Keypasco Summit, themed “The Leading Innovation, Global presence,” showcased Lydsec’s six major identity governance and authentication solutions developed in-house. In addition to the well-known Keypasco FIDO, Keypasco Platform, Keypasco Zero Trust Network Access, and Keypasco Enterprise solutions, the summit also introduced new services under Keypasco+, including the “KeypascoID Federated Single Sign-On (SSO) Platform Service” and the “Keypasco Proximity” for guests to experience. “Continuous innovation, using the most advanced feasible technology to ensure customer information security, and enhancing productivity to strengthen customer competitiveness” is Lydsec Digital Technology’s eternal corporate vision!
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